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Varun Beverages incorporates wholly-owned subsidiary

24 May 2023 Evaluate

Varun Beverages has incorporated a wholly-owned subsidiary company namely ‘Varun Beverages South Africa (PTY)’ in Johannesburg, South Africa. The objective of incorporating subsidiary is inter-alia to explore the business of manufacturing and distribution of beverages. It will help the company to expand its business operations in Africa.

Varun Beverages is franchisee of CSDs and NCBs sold under trademarks owned by PepsiCo in India and internationally.

Peers
Company Name CMP
Nestle India 1386.00
Varun Beverages 409.05
Britannia Industries 5006.50
LT Foods 419.50
Hatsun Agro Product 1215.85
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